Tesla profit margins worst in five years as price cuts, incentives weigh
By Hyunjoo Jin, Akash Sriram (Reuters) - Tesla on Tuesday reported its lowest profit margin in more than five years and missed Wall Street earnings targets in the second quarter, as the electric vehicle maker cut prices to revive demand while
TI beats quarterly profit estimates as chip demand turns steady
By Arsheeya Bajwa (Reuters) - Texas Instruments beat analysts' estimates for second-quarter profit on Tuesday, powered by stabilizing demand for analog chips from markets such as personal electronics and lower manufacturing costs. A rebound in smartphones and personal computers sales has enabled
Grab raises annual profit view after strong first-quarter revenue growth
By Yuvraj Malik (Reuters) - Grab Holdings raised its full-year profit forecast on Wednesday after reporting a higher-than-expected quarterly revenue, driven by recent cost-reduction measures and robust demand for its ride-share services. A significant restructuring at Grab, which included reducing 1,000 jobs
PayPal lifts 2024 profit forecast, execs focus on branded checkout growth
By Manya Saini and Jaiveer Shekhawat (Reuters) - PayPal executives on Tuesday emphasized plans to reignite growth in branded checkout products that have struggled in recent years as big tech expanded market share, after the payments firm raised its forecast for
Nokia lowers 2026 profit margin target, wins Deutsche Telekom contract
By Supantha Mukherjee STOCKHOLM (Reuters) - Finnish telecom equipment maker Nokia said on Tuesday it had revised down its comparable operating margin target to at least 13% by 2026 from at least 14% previously, after losing a deal with a U.S.
India’s Tech Mahindra shares slide on biggest profit drop in 16 years
By Kashish Tandon in Bengaluru BENGALURU (Reuters) - Shares of Indian IT services company Tech Mahindra fell as much as 3.7% in early trade on Thursday, a day after the company posted its biggest profit drop in 16 years. The company reported
Dassault Systemes hikes profit target as subscriptions surge
By Pierre John Felcenloben (Reuters) - French software maker Dassault Systemes on Wednesday hiked its 2023 profit outlook after a surge in subscription sales in the third quarter, sending its shares up 6%. Total revenue increased by 11% in constant currency terms
HP forecasts 2024 profit in line with estimates, boosts annual dividend
By Samrhitha Arunasalam (Reuters) - HP Inc on Tuesday forecast fiscal 2024 earnings largely in line with estimates and raised its annual dividend, reflecting stabilizing demand in the personal computers market. Companies such as HP, Lenovo and Dell Technologies have seen demand
Telecom Italia’s quarterly core profit rises as domestic revenues edge up
By Elvira Pollina and Urvi Dugar (Reuters) - Telecom Italia (TIM) on Wednesday reported a 5.5% rise in its second-quarter core profit, helped by strong performance from its Brazilian unit as sales at the company's ailing domestic business also edged higher. Italy's